Well, now Netflix has just released an updated culture and management philosophy, one that takes into account another two years of operating experience, as well as all the feedback the company got on its prior philosophy.

As with the original version, the new Netflix philosophy turns a lot of conventional wisdom on its head. But the approach and logic is extremely compelling. Having read the new deck, in fact, it is once again no surprise to us why Netflix is doing so well.

Netflix's logic is so compelling, in fact, that we're considering adopting the Netflix philosophy here at Business Insider. We're already doing many of these things anyway. And now that Netflix has articulated them in such detail, we figure we might as well jump aboard for the ride.

We've included the presentation below. We look forward to hearing your thoughts.

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Is it also part of Netflix's philosophy to piss off its loyal customer base by offering them the Hobson's Choice of paying twice as much for the same service or paying the same price for half the service?

I'm tendering my resignation. I was already disenchanted by the dwindling selection of good films and preponderence of dreck. As an Amazon Prime member I can stream the same stuff for free. Plus there's lots of free content floating around the internet. Bye bye Netflix!

If one reads the reviews of Netflix on Glassdoor they are anything but complementary. The work environment effectively appears to be toxic, full of back-biting, ultra-competitiveness, and extreme paranoia over when or whether you will be shown the door, apparently a very common occurrence there.